Series 79

Investment Banking Representative

The Series 79 exam qualifies individuals to work as investment banking representatives. It tests knowledge of the advisory and analytical activities involved in mergers and acquisitions, public and private debt and equity offerings, financial restructuring, and other corporate finance activities. This exam is required for individuals who advise on or facilitate debt or equity securities offerings, mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures, or other corporate reorganizations.

Overall Progress 0%

Chapters

1

Due Diligence Process

Due diligence process, information gathering, material review, and investigation standards

35 min read
2

Financial Analysis

Financial statement analysis, ratio analysis, and analytical frameworks for investment banking

40 min read
3

Valuation Methods

DCF analysis, comparable companies, precedent transactions, and LBO analysis

45 min read
4

The IPO Process

IPO timeline, registration, pricing, allocation, stabilization, and aftermarket activities

40 min read
5

Debt & Equity Offerings

Follow-on offerings, private placements, Reg D/S, shelf registration, and securities structures

40 min read
6

Underwriting

Firm commitment vs best efforts, agreement terms, compensation, spread, and syndicate structure

35 min read
7

Mergers & Acquisitions

M&A process, tender offers, deal terms, fairness opinions, and defensive strategies

45 min read
8

Financial Restructuring

Financial restructuring, bankruptcy (Chapter 7/11), regulatory approvals, and distressed situations

35 min read